• listing
  • Hospitality
1743 Wiley St | Hollywood, FL, 33020 Hollywood, FL 33020
  • Hospitality
  • 2,000,000
  • 7.58% Cap Rate

Hospitality

Welcome to an exceptional opportunity in the heart of Hollywood, FL, the center of Broward County tourism. This property has 12 motel units that have proudly served patrons for over four decades. Some units have been remodeled and some retain their old-school Florida nostalgia. Enjoy the convenience of staying within close distance of iconic landmarks like Hollywood Beach, Downtown Hollywood, Hallandale Gulfstream Casino’s vibrant street life, making it easy to explore and immerse yo urself in the neighborhood’s rich culture.

This turn-key asset is fully equipped and furnished and ready for immediate operation. Alternatively, an investor may opt to optimize the density and build vertically due to the FH-2 zoning. Great 6.4% CAP return per year. Sale includes the business and the real estate. Please do not disturb staff or guests with questions. Contact agent for all questions and appointments.


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Gulya
Sanchez
Investment Sales Advisor

Property Info

  • Price
    $2,200,000 USD
  • Price Per Room
    $183,333 USD
  • Sale Type
    Investment
  • Sale Conditions
    Business Value Included
  • Property Subtype
    Hotel
  • Lot Size
    0.25 AC
  • Building Size
    4,023 SF
  • No. Rooms
    12
  • No. Stories
    1
  • Year Built
    1952
  • Parking Ratio
    1.49/1,000 SF
  • Corridor
    Exterior

Location

1743 Wiley St | Hollywood, FL, 33020,
Hollywood, FL 33020

Contact

contact Gulya
305.915.8250
3250 Mary Street, Suite 520
Coconut Grove, FL 33133
Languages Spoken: English, Russian, Spanish

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